Tuesday, 02 January 2024 12:17 GMT

Nvidia CEO Reportedly Spoke To Trump On The Importance Of Keeping Chinese Developers On The American Tech Stack, Says Howard Lutnick


(MENAFN- AsiaNet News)

Nvidia CEO Jensen Huang reportedly spoke to President Donald Trump on the strategic importance of ensuring Chinese developers use American technology rather than China's own tech stack to convince him to approve the export of Nvidia's H200 chips to China.

U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday that the two discussed the deal at least a dozen times before it was finalized. He explained that Huang's central argument was around long-term U.S. advantage in artificial intelligence. 

“They talked about it a lot. More than a dozen times.”

Howard Lutnick, U.S. Secretary of Commerce

Nvidia's stock fell as much as 1.4% in pre-market trading. On Stocktwits, retail sentiment around the AI bellwether trended in 'bearish' territory over the past day.

Keeping Talent On American Platforms

The CEO reportedly told Trump that if Chinese developers become accustomed to domestic technology, they would gain expertise that could eventually challenge U.S. leadership. By contrast, requiring them to work on American systems would maintain leverage, ensuring that Chinese developers remain partially dependent on U.S. innovations.

Get updates to this developing story directly on Stocktwits.

Read also: PayPal Faces Growing Wall Street Pessimism Over Q4 Growth Slump – BofA Latest To Downgrade Stock

For updates and corrections, email newsroom[at]stocktwits[dot]com.

MENAFN11122025007385015968ID1110468179



AsiaNet News

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search